BRAKE WILLIAM 4
4 · CLIFFS NATURAL RESOURCES INC. · Filed Feb 28, 2011
Insider Transaction Report
Form 4
BRAKE WILLIAM
EVP, Human & Tech. Resources
Transactions
- Award
Common Stock
2011-02-25$95.23/sh+552$52,567→ 553 total(indirect: VNQDC)
Holdings
- 39,833
Common Stock
Footnotes (1)
- [F1]The amount represents an exchange of a portion of the Reporting Person's cash bonus for 442 shares of Cliffs Natural Resources Inc. Common Shares on a deferred basis (Exchange Shares) under the Issuer's 2005 Voluntary Nonqualified Deferred Compensation Plan ("VNQDC Plan"). An additional 110 deferred shares (Match Shares) were credited to the account of the Reporting Person in the VNQDC Plan equal to 25 percent of the market value of the Exchanged Shares on the deferral date of the bonus payment pursuant to the VNQDC Plan.